Northern America: Fish Parts Market 2024

Fish Parts Market Size in Northern America

The North American fish parts market expanded modestly to $X in 2022, increasing by 3.5% against the previous year. The total consumption indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +80.1% against 2013 indices. Over the period under review, the market attained the maximum level in 2022 and is expected to retain growth in the immediate term.

Fish Parts Production in Northern America

In value terms, fish parts production fell slightly to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a pronounced decrease. The most prominent rate of growth was recorded in 2014 when the production volume increased by 227% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

Fish Parts Exports

Exports in Northern America

In 2022, shipments abroad of fish heads, tails and maws decreased by -86.3% to X tons, falling for the second consecutive year after three years of growth. Over the period under review, exports continue to indicate a precipitous contraction. The most prominent rate of growth was recorded in 2016 when exports increased by 129%. The volume of export peaked at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, fish parts exports reduced rapidly to $X in 2022. Overall, exports recorded a dramatic downturn. The pace of growth was the most pronounced in 2016 when exports increased by 40% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States represented the largest exporting country with an export of about X tons, which amounted to 78% of total exports. It was distantly followed by Canada (X tons), mixing up a 22% share of total exports.

Exports from the United States decreased at an average annual rate of -30.0% from 2012 to 2022. Canada (-25.0%) illustrated a downward trend over the same period. While the share of Canada (+9.7 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of the United States (-9.7 p.p.) displayed negative dynamics.

In value terms, the United States ($X) remains the largest fish parts supplier in Northern America, comprising 68% of total exports. The second position in the ranking was held by Canada ($X), with a 32% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in the United States amounted to -35.0%.

Export Prices by Country

In 2022, the export price in Northern America amounted to $X per ton, increasing by 54% against the previous year. Over the period under review, the export price, however, continues to indicate a deep setback. Over the period under review, the export prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Canada ($X per ton), while the United States amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (-6.5%).

Fish Parts Imports

Imports in Northern America

In 2022, fish parts imports in Northern America surged to X tons, with an increase of 37% on the year before. Overall, imports continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2021 with an increase of 101%. The volume of import peaked in 2022 and is likely to continue growth in the immediate term.

In value terms, fish parts imports skyrocketed to $X in 2022. Over the period under review, imports recorded a prominent increase. The pace of growth was the most pronounced in 2021 with an increase of 88% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to continue growth in years to come.

Imports by Country

The United States was the main importing country with an import of about X tons, which finished at 70% of total imports. It was distantly followed by Canada (X tons), committing a 30% share of total imports.

The United States was also the fastest-growing in terms of the fish heads, tails and maws imports, with a CAGR of +14.4% from 2012 to 2022. Canada experienced a relatively flat trend pattern. While the share of the United States (+33 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Canada (-31.5 p.p.) displayed negative dynamics.

In value terms, Canada ($X) and the United States ($X) constituted the countries with the highest levels of imports in 2022.

Among the main importing countries, the United States, with a CAGR of +13.0%, recorded the highest growth rate of the value of imports, over the period under review.

Import Prices by Country

In 2022, the import price in Northern America amounted to $X per ton, waning by -12.9% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 36%. Over the period under review, import prices attained the maximum at $X per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Canada ($X per ton), while the United States stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+4.8%).

Source: IndexBox Platform

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